US 30 soars as Trump wins election
Dow Hits a New High, jumping over 1000 points as the ripple effects of the 2024 presidential election rumbled on. The index continued to rally after breaking the previous record, as traders focused on the next level at 44000. A break above the first resistance of 43200 eased some of the sell-off pressure, and the next stage is to see if there are enough follow-through bids to continue higher. 43400 is the closest support if a pullback does happen as the RSI goes majorly overbought.
NZDUSD tests critical floor
The New Zealand dollar bounced back from yesterday’s sell-off as the euphoria of a new US President calms down. The pair is striving to hold on as the bid revisited the bottom at 0.5920. As the RSI moves away from the oversold area, some bargain hunting has kept the kiwi afloat. The support-turned-resistance of 0.6000 is the hurdle to clear to help bulls regain control. Otherwise, a fall below the said bottom would signal a bearish continuation and trigger a new round of sell-off towards 0.5840.
USOIL bounces back
WTI crude continues to perform after testing the 72.00 level. On the chart, the price has secured a foothold above 69.00 at the base of the recent breakout rally. A subsequent swing above 70.00 has prompted more sellers to cover their positions, as a lack of a lower low indicates that the bulls remain in power. 69.50 is the immediate support in case of a pullback.
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
